International Graduate Trainee 2025 - focus on mathematics/actuarial science (m/f/d)

Location

Munich, Germany

Job type

Full-Time

Work mode

Hybrid

Job level

Graduate & Entry-Level

Job ID

8975

Company

Munich Re

Employment type

Regular

Area of expertise

Actuarial & Risk Management

Our International Graduate Trainee Programme offers you exciting insights and a thorough introduction to the diverse activities of a leading global reinsurer. This provides you with the exceptional opportunity to advance your expertise and drive your personal development.

Over a period of 24 months, including an international assignment, you will receive in-depth training in professional, methodological and social skills, which will qualify you for assuming responsibility at Munich Re worldwide. We are looking for eager graduates who seek to actively shape the future of our business (re-insurance) together with us. If you enjoy embracing innovation in a very dynamic and challenging environment, we are looking forward to your application.

Your Job

• Working on exciting and varied topics focusing on risk underwriting in the core business of Munich Re (e.g. developing product and client strategies, performing risk analysis, using different pricing models, analysing profitability and performance, working on data analytics topics)
• Develop methods and processes for risk assessment and risk reporting, with emphasis on automated and efficient processes and tools
• Experience the opportunities and insights offered by one of the world's leading risk managers
• Participate in an international assignment of three months to broaden your intercultural experience
• Acquire profound knowledge of our business as well as further developing your soft skills in our distinguished global learning programme
• Take the opportunity to quickly build a broad network of industry experts within Munich Re worldwide

Your Profile

• Very good university degree in mathematics, actuarial sciences, statistics, computer science, physics or a similar degree with mathematical background
• Initial work experience (e.g. internships or up to two years of work experience after graduation), ideally in (re)insurance, the financial sector or actuarial services
• Knowledge of actuarial sciences and willingness to complete actuarial studies is an advantage
• Strong analytical skills, programming skills and/or database knowledge (e.g. Python, R, Databricks, SQL, Matlab, Power BI, VBA) are beneficial
• At least three months experience abroad (studies or internship/work experience abroad)
• Strong interpersonal and communication skills and willingness to learn
• Strong written and verbal communication in English and German required
• Curious and creative mindset

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.

About us

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.

Sounds like you? Push boundaries with us and be part of Munich Re.

Our employees are our greatest strength. That's why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.

• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

• Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

Münchener Rückversicherungs-Gesellschaft
Laura Fuchs
• Consultant Talent Acquisition

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.